Business for Sale in Lichfield, Staffordshire - LADIES FASHIONS & ACCESSORIES IN LICHFIELD CITY CENTRE - Leasehold: £15,000

Key Information

Ref
W34320K
Type
Retail Businesses: Ladieswear Retailers
Location
England: Staffordshire
Tenure
Leasehold
Status
For Sale
Annual Sales
£64,000 Ex Vat
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Established Ladies Fashions and Accessories

Busy Trading Location in Lichfield City Centre

Stocking Exclusive Ranges from Well Known Fashion Brands

Annual Turnover Approaching £64,000 with High Gross Profits

Low Leasehold Price £15,000

Description and Trade:

This established Ladies Fashions & Accessories shop is situated close to Lichfield City Centre and many multiple & independent traders.

The Business was established by the present owner in 2010 and has built a strong customer base from supplying very popular and exclusive clothing brands such as ROBELL and MALISSA J, as well as a locally exclusive range of fashion jewellery from ENVY.

Premises:

The bright and attractively presented Sales Area of 30’ 6” x 11’ 3” (around 340 sq. ft)has a suspended ceiling and carpet flooring.

The shop is well-fitted for the trade with numerous clothing rails, jewellery display cabinet, fitting room, sales desk with cash register.

Useful, but presently unused Storage Cellar from the main shop.

To the rear is a Kitchen/Stock Room and w.c.

The shop is fitted with a burglar alarm system.

Accommodation:

There is no living accommodation.

Comments:

An easy to operate business with reasonable trading hours, consistent trading history and high gross profit margin.

Our Client Informs Us That:

Takings:

Annual Sales are approaching £64,000, with High Gross Profits estimated to be in the region of 70%.

Staff:

The Business is operated by the owner with the help of just one part-time assistant.

Trading Hours:

11.00am – 5.00pm Monday to Saturday.

Closed Sunday.

Tenure:

The Premises are held on a rolling monthly lease. Present rent payable is £900 per month.

We understand that the landlord may be agreeable to offering a flexible-term lease if a new owner wishes to establish security of tenure.

Price:

Realistically Priced at just £15,000 plus stock at valuation for the leasehold business.

Copyright © EM & F Group Limited 2020 - Company No: 03035561 - VAT: 631 4000 02